ADA/USD Daily progression

8 ביולי 2020

My personal thoughts/opinions only. We saw ADA barely pierce the 4.23 fib at about .135, the body of the candle resting just below on the 4 hour chart. I see two possible scenarios. ADA gives another try upward, and makes it to about .16 before retracing. I am personally taking the 2nd scenario, which is that ADA now retraces back to about .105 to find support before heading back up to the next set of fibs. I have buy orders in at .108 and .105. Not financial advice, please do your own research before risking any of your money in this unregulated market.